QUESTION 18 A notable item (audit data analytics) is an item identified from the population being analyzed, that has one or more characteristics that for relevant assertions, may: Provide information useful in tailoring procedures to address risks of material misstatement Provide information useful in designing procedures to address risks of material misstatement. Be Indicative of a risk of material misstatement All these answer choices are correct. QUESTION 19 The information that auditors use when arriving at their opinion on the fair presentation of the client's financial statements is called audit evidence relevant assertion receivable confirmation working papers QUESTION 20 If there is a high risk of material fraud related to an assertion, the auditor should withdraw from the engagement, to avoid risk exposure the auditor will want to test controls over other assertions the auditor should request the audit be conducted by the internal audit function the auditor will want to test controls over that assertion